$\text {Table 24.1}$ $\text {Hypothetical Monopoly Costs and Revenue}$

question 59

Multiple Choice

$\begin{array}{c}\begin{array}{c}\underline{\text {Quantity}}\\1 \\2 \\3 \\4 \\5\end{array}\begin{array}{c}\underline{\text { Price }} \\\$ 500 \\450 \\400 \\350 \\300\end{array}\begin{array}{c}\underline{\text { Total cost }} \\ \$ 400 \\650 \\950 \\1,300 \\1,700\end{array} \end{array}$

$\text {Table 24.1}$
$\text {Hypothetical Monopoly Costs and Revenue}$
In Table 24.1, using the profit maximization rule, a monopolist that is able to practice price discrimination will charge

• A)A price of $450.
• B)A price of $400.
• C)A price of $500.
• D)Different prices to different customers.

---

Definitions:

Closely Supervised

A management approach where employees or team members are monitored and directed very closely by their superiors.

Organization Structure

The system of tasks, workflows, reporting relationships, and communication channels that link the diverse parts of an organization.

Performance Success

Achieving or exceeding the set goals, objectives, or expectations in any given task, project, or role, usually measured against predefined standards.

Coordinate Resources

The process of organizing and aligning various resources and inputs to achieve desired outcomes efficiently.